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Mystery start-up Magic Leap raises $542 million from Google, others
Tue, Oct 21 2014. 09 57 PM

Mystery start-up Magic Leap raises $542 million from Google, others

Google’s Sundar Pichai will join Magic Leap’s board
McLeod Russel to buy 90% stake in Rwanda tea estate
Tue, Oct 21 2014. 09 13 PM

McLeod Russel to buy 90% stake in Rwanda tea estate

The estate, till now controlled by UK-based LAB International, produces 2.4 million kg of tea, says McLeod Russel director Kamal Baheti
GourmetItUp raises $300,000 in angel investment
Tue, Oct 21 2014. 08 53 PM

GourmetItUp raises $300,000 in angel investment

Tastebox Hospitality plans to use the money to expand into newer markets in India as well as internationally
Natural to invest Rs50-75 crores to add 100 ice-cream parlours
Tue, Oct 21 2014. 07 13 PM

Natural to invest Rs50-75 crores to add 100 ice-cream parlours

Half of the new stores will be in north India in cities such as Chandigarh, Ludhiana, Lucknow and Kanpur
First person in Alstom UK bribery case to face charges
Tue, Oct 21 2014. 06 54 PM

First person in Alstom UK bribery case to face charges

About five more individuals are expected to face charges in connection with the case
Saint-Gobain to open its largest glass manufacturing facility in Rajasthan
Tue, Oct 21 2014. 06 44 PM

Saint-Gobain to open its largest glass manufacturing facility in Rajasthan

Located at Bhiwadi, the plant has been built at an investment of R1,000 crore and has a capacity of 1,000 tonnes per day
JSW Steel to boost iron ore imports by up to 80%
Tue, Oct 21 2014. 06 35 PM

JSW Steel to boost iron ore imports by up to 80%

The firm will also participate in govt auctions for coal mines for captive consumption, a senior company official said on Tuesday
How Flipkart, Amazon and Snapdeal fund discounts
Tue, Oct 21 2014. 06 14 PM

How Flipkart, Amazon and Snapdeal fund discounts

As FDI isn’t allowed in e-commerce, the firms operate as marketplaces that link buyers and sellers, but they still get away with funding discounts in indirect manner—posing headache for tax authorities
Lupin scouts for acquisitions in US
Tue, Oct 21 2014. 06 11 PM

Lupin scouts for acquisitions in US

The Mumbai-based firm says it aims to grow at around 25% in the world’s largest drug market
Star Alliance to develop Delhi, Mumbai airports as its hubs
Tue, Oct 21 2014. 06 01 PM

Star Alliance to develop Delhi, Mumbai airports as its hubs

A decision on whether Delhi or Mumbai airport would be developed first was expected to be taken by the year end, says an official
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